2023 and future:
What is Required to Claim the 45L Tax Credit?
To claim the 45L tax credit, eligible contractors must complete and submit IRS Form 8908 – Energy Efficient Home Credit. In addition, a site visit and certification must be obtained from an eligible, third-party certifier. In 2022 and prior years, the certifier should be authorized by RESNET or an equivalent rating network. In 2023 and future years, an Energy Star or Zero Energy Ready certification must be obtained.
The 45L tax credit is a complex incentive but if done correctly, can provide a significant benefit to taxpayers who are constructing energy efficient properties benefiting homeowners and the community. It’s important to partner with a team with expertise in tax and construction to ensure a high-quality and complete 45L study.
Calvetti Ferguson works with middle-market companies, private equity firms, and high-net-worth individuals across the country. Regardless of the complexity of the compliance, assurance, advisory, or accounting need, our team stands ready to assist you.